Cypress Capital LLC Trims Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Cypress Capital LLC trimmed its holdings in The Home Depot, Inc. (NYSE:HD) by 2.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,379 shares of the home improvement retailer’s stock after selling 208 shares during the quarter. Home Depot accounts for approximately 0.8% of Cypress Capital LLC’s investment portfolio, making the stock its 19th biggest holding. Cypress Capital LLC’s holdings in Home Depot were worth $2,870,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC grew its position in shares of Home Depot by 51,250.1% during the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock valued at $35,575,880,000 after purchasing an additional 8,762,735 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Home Depot during the 3rd quarter valued at $336,231,000. FMR LLC grew its position in shares of Home Depot by 10.1% during the 3rd quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer’s stock valued at $3,516,827,000 after purchasing an additional 795,438 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Home Depot by 295.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 693,318 shares of the home improvement retailer’s stock valued at $280,932,000 after purchasing an additional 518,054 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its position in shares of Home Depot by 37,025.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 480,780 shares of the home improvement retailer’s stock valued at $187,019,000 after purchasing an additional 479,485 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on HD shares. Barclays boosted their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Evercore ISI boosted their price target on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. DA Davidson boosted their price target on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company upped their target price on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average target price of $433.44.

Home Depot Stock Performance

Home Depot stock opened at $384.82 on Friday. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The stock’s 50 day simple moving average is $402.13 and its two-hundred day simple moving average is $397.24. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The stock has a market cap of $382.26 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 4.04 and a beta of 1.05.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.